News and Events Listing

Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “I am pleased to report that during the past quarter Sappi delivered profits up 81% from a year ago, and reduced debt by a further 17% (US$265 million) year-on-year.”

Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “I am pleased to report that Sappi continues to deliver solid results on the back of our strategic shift to place more emphasis on dissolving pulp and speciality packaging. Coupled with strong cash generation and cost management initiatives to reduce variable costs we are well positioned to achieve our 2020 targets.”

Following the implementation of the price increase for Woodfree papers (WFU/WFC) during April of this year, it has become apparent that raw materials prices, particularly pulp, are continuing to increase very sharply.